Forest Hill Property Growth
VIC · 3131 · Eastern Melbourne
A middle-ring eastern Melbourne suburb known for the Forest Hill Chase shopping centre and established family housing.
Overview
Location: City of Whitehorse
A middle-ring eastern Melbourne suburb known for the Forest Hill Chase shopping centre and established family housing.
Market Snapshot
Median House Price
$1.14m
Median Unit Price
$675k
Avg Days on Market
38 days
Demographics
Estimated Population
10,615
Owner Occupier Rate
73.0%
Renter Rate
27.0%
Transport & Connectivity
Forest Hill has no train station; Nunawading station on the Lilydale/Belgrave lines is the nearest, with buses connecting through the suburb.
Major Roads
- Canterbury Road
- Springvale Road
Forest Hill is approximately 18km east of the Melbourne CBD, within the City of Whitehorse. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Forest Hill has a range of government and independent schools serving the suburb and its surrounds.
Childcare
A range of long day care, kindergarten and outside school hours care providers operate across Forest Hill. Always verify availability and waitlists directly with providers.
Amenities & Lifestyle
Forest Hill Chase — a major regional shopping centre with around 200 shops across three levels, originally opened in 1964 — dominates the suburb's retail offer and draws shoppers from across Melbourne's east. Local parks and reserves provide open space throughout the largely residential streets.
Employment
Major Employment Hubs: Forest Hill Chase is a significant local employer in retail and hospitality; the suburb is otherwise predominantly residential. Commercial Centres: Forest Hill Chase
Major Employment Hubs
- Forest Hill Chase is a significant local employer in retail and hospitality; the suburb is otherwise predominantly residential.
Commercial Centres
- Forest Hill Chase
Infrastructure
No major infrastructure projects are currently confirmed for Forest Hill. Check Infrastructure Australia's project pipeline, State Government announcements or City of Whitehorse's website for the latest updates on works that may affect the area.
Growth Drivers
- Major regional shopping centre — Forest Hill Chase, with around 200 shops across three levels and originally opened in 1964, draws shoppers from across Melbourne's east and anchors significant local retail employment.
- Established residential character — largely residential streets with local parks and reserves support a stable, family-friendly base.
- Proximity to Nunawading station — while lacking its own station, Forest Hill is close to Nunawading on the Lilydale/Belgrave lines, with bus connections through the suburb.
Key Risks
- No train station of its own — Forest Hill relies on buses to Nunawading station, which may be a drawback for transport-dependent buyers.
- Interest rate and lending sensitivity — like all property markets, local prices and buyer activity can be affected by changes in interest rates and lending conditions.
- Retail traffic and parking pressure — Forest Hill Chase's regional drawcard status can bring periodic traffic and parking congestion nearby.
Frequently Asked Questions
Forest Hill offers a major regional shopping centre and established residential streets, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Forest Hill has a range of government and independent schools serving the suburb and its surrounds.
Forest Hill has no train station; Nunawading station on the Lilydale/Belgrave lines is the nearest, with buses connecting through the suburb. Verify current timetables and travel times before relying on any commute estimate.
Forest Hill Chase, with around 200 shops across three levels, dominates the suburb's retail offer, alongside local parks and reserves.
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Calculate Future ValueSources
- ABSAustralian Bureau of Statistics — Census QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Whitehorse— https://www.whitehorse.vic.gov.au
- Department of Transport VictoriaDepartment of Transport and Planning Victoria— https://www.transport.vic.gov.au
- Victorian Planning AuthorityVictorian Planning Authority— https://vpa.vic.gov.au/
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.